samalberastine

More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in expenses this year, better than the firm expectation of 10%, say the CS analysts, as the MSR sales won't begin impacting costs until 2014. Better values in the big bank sector are C, JPM, and USB. [View news story]

This is an outright conspiracy by Wall Street - they didn't want BAC price share to go up to $15.00 that's is why they have to downgrade the stock.....BAC was trending to go up to $15...shame on Wall streets